Pondok institutions are the earliest education institution in Malaya. Some of the state’s famous for pondok institution education are Kelantan, Terengganu, Kedah and Perak. Most of pondok institutions in Malaysia depend on the people’s contributions in the form of donation, waqf, infaq and zakat to continue to operate. Waqf is seen as an instrument that can be used to generate the funding of the pondok. Most of the pondok are the earliest waqf education institution in the Archipelago. Thus, this study focuses on the significance of the funding generation for the waqf development in pondok institutions. This is a qualitative study that uses the primary data through an in-depth interview done on several informants involved in the waqf funding generation in pondok institutions. Secondary data was obtained through document analysis. The outcome of the study establishes that there are four aspects of significance of the funding generation namely consolidation in terms of the financial and economic aspects of the pondok, its improved facilities and infrastructure, increased skills of the members of the pondok in the field of entrepreneurship also the benefits from the social aspect.
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In-Text Citation: (Fazial et al., 2021)
To Cite this Article: Fazial, F., Yahaya, S., Hamid, C. K., Hassan, S. H. M., & Abdullah, S. R. (2021). The Importance of Generating Funding for The Waqf Development in Pondok Institutions. International Journal of Academic Research in Business and Social Sciences, 11(4), 965–972.
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